Posted 06 February 2012
NovaUCD based companies expect to create 300 jobs over next 2 years
Companies based at NovaUCD, the Innovation and Technology Transfer Centre at University College Dublin, expect to create 300 highly-skilled jobs over the next 24 months, according an annual employment survey.
The 37 companies include a mixture of ‘spin-out’ and ‘spin-in’ companies. ‘Spin-outs’ are companies established by UCD researchers to commercialise the outputs of their research activities. ‘Spin-ins’ are companies which choose to locate at NovaUCD in order to interact more closely with university based R&D and commercialisation activities, and to avail of available research expertise.
Pictured far right (l-r) at NovaUCD, the Innovation and Technology Transfer Centre at University College Dublin are Aidan O’Neill, CEO, DOCOsoft; Dr Antonio Ruzzelli, CEO, Wattics; Brian Farrell, CEO, Tethras; Professor Peter Clinch, UCD Vice-President for Innovation and Paul Groarke, CEO, RendezVu
The employment projection figures are based on the results of an annual survey of companies at the centre. To date, the companies have raised over €40 million in equity investment.
“NovaUCD client companies were established to translate innovative ideas into value-added products and services, including companies which are commercialising UCD research outputs,” said Professor Peter Clinch, Vice-President for Innovation at University College Dublin, who announced the figures.
“The development and growth of such high-tech and knowledge-intensive companies is of critical importance for Ireland’s economic recovery.”
“I am delighted that the facilities and supports being made available to the start-ups located at University College Dublin are helping these companies thrive and create quality jobs,” he added.
NovaUCD based companies are involved in diverse activities including social web-search solutions (HeyStaks), localization services for app developers (Tethras), equine genetics (Equinome), elearning (RendezVu) and energy management (Wattics).(Produced by UCD University Relations)
